|
The Small Business Health Options Program (SHOP)
is for businesses and non-profit organizations that want to provide health
and/or dental insurance to their employees. Offering coverage through the
SHOP is affordable, flexible, and convenient. However, it is not the only
coverage option for your business.
Health Reimbursement Arrangements (HRAs)
are a type of account-based health plan that employers can use to reimburse
employees for their medical care expenses, including individual health
insurance coverage, like a plan from the Individual Marketplace. Employers can
decide what they contribute with no annual maximum.
If you’re
deciding between group coverage or an HRA, you can use our decision
guide to find out which option fits the needs of
your small business and employees. This guide will give you an overview of
key things to know about group coverage and HRAs, including eligibility
requirements, coverage options, and costs.
|
No comments:
Post a Comment